Renewal By Andersen LLC Acquires Office Building In New Brighton For $8.9M

The property involved in this transaction is an office building located at 300 9th Avenue Southwest in New Brighton, Minnesota. It encompasses an area of 79,175 square feet and sits on 11.43 acres. The sale price is $8,900,000, with a price per square foot amounting to $112. The asset was built in 1975 and includes additional land for potential expansion.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $8,900,000
• Address: 300 9th Avenue Southwest
• Market: New Brighton, MN
• Acres: 11.43
• Square Feet: 79,175
• Price per Square Foot: $112
• Buyer: Renewal By Andersen LLC
• Buyer's Representative: Suzanne Grimm - Savills
• Seller's Representatives: Sam Manke, Bryan Van Hoof & Jeff Przytarski - CBRE

This transaction was facilitated by renewal by Andersen's expansion efforts from its Bayport-based operations. The property was brokered by Suzanne Grimm from Savills representing the buyer, while the seller was represented by Sam Manke, Bryan Van Hoof, and Jeff Przytarski from CBRE.